secwatch.observer — SEC 8-K summary
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Issuer:     Twelve Seas Investment Co. II (—)
CIK:        0001819498
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001213900-23-093121
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Twelve Seas secures $202,410 sponsor note to extend business combination deadline to June 2024
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- Note principal up to $202,410; funds used to extend SPAC deadline from Dec 2, 2023 to June 2, 2024.
- Drawdowns of $33,735/month for up to six months deposited into trust account for unredeemed shares.
- Note bears no interest; repayable upon business combination or liquidation.
- Sponsor waives any claim to trust account proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819498/000121390023093121/0001213900-23-093121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819498/000121390023093121/ea189506-8k_twelveseas2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-093121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer